The critical challenge of transforming the world’s energy systems to meet the needs of a growing global population, while reducing greenhouse gas emissions on the pathway to a net-zero future, requires unprecedented collaboration across all sectors and countries.
By reducing or eliminating routine flaring, the oil and gas sector can significantly reduce its climate impact, and by making use of the otherwise flared gas as an additional energy source, it can support sustainable growth. Building a shared understanding of the wide range of potential benefits among all stakeholders—including owners, operators, financiers, regulators and governments—is key to encouraging them to work together to overcome the barriers to reducing flaring, and to using or conserving the gas.
On February 2nd, IOGP, IPECA, and the World Bank Global Gas Flaring Reduction Partnership (GGFR), will launch their Flaring management guidance for the oil and gas industry. The launch will be accompanied by a webinar.
The resource will assist governments, the oil and gas sector and other stakeholders in playing their part in delivering the commitments of the Paris Agreement and in achieving the UN Sustainable Development Goals.